SINTEX INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 258.9%

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SINTEX INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 258.9%
Tue, 28 May

SINTEX INDUSTRIES has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

SINTEX INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6,1738,3295,915-29.0%-4.2%
Other incomeRs m47521690-58.2%-81.0%
TurnoverRs m6,6478,5456,006-29.7%-9.7%
ExpensesRs m5,2427,0406,006-14.7%14.6%
Gross profitRs m9301,289-91-107.1%-109.8%
DepreciationRs m3955916154.1%55.6%
InterestRs m36455169726.4%91.4%
Profit before taxRs m646363-1,313-461.9%-303.4%
TaxRs m71105-400-481.0%-661.6%
Profit after taxRs m574258-913-454.1%-258.9%
Gross profit margin%15.115.5-1.5
Effective tax rate%11.029.030.5
Net profit margin%8.63.0-15.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 4.2% on a year-on-year (YoY) basis. The expenses were up by 14.6% YoY during the same period.
  • The company's operating profit declined by 109.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.5% in 4QFY19 as against 15.1% in 4QFY18.
  • Depreciation charges increased by 55.6% and finance costs increased by 91.4% YoY, respectively.
  • Other income declined by 81.0% YoY during the quarter.
  • Net profit for the quarter declined by 258.9% YoY. Net profit margins during the quarter declined from 8.6% in 4QFY18 to -15.2% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 29.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 14.7% QoQ during the same period.
  • The company's operating profit declined by 107.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.5% in 4QFY19 as against 15.5% in 3QFY18.
  • Net profit for the quarter declined by 454.1% QoQ, while net profit margins declined from 3.0% in 3QFY18 to -15.2% in 4QFY19.

To see how SINTEX INDUSTRIES has performed over the last eight quarters, please visit here.

SINTEX INDUSTRIES Share Price Performance

Over the last one year, SINTEX INDUSTRIES share price has moved down from Rs 16.5 to Rs 6.6, registering a Loss of Rs 9.9 or around 60.1%.

Overall, the S&P BSE SENSEX is up 12.8% over the year.

Current Valuations

At the current price of Rs 6.6, the price to earnings (P/E) ratio of SINTEX INDUSTRIES stands at 13.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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